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SANCTIONS. In this file photo taken on April 21, 2018 US Treasury Secretary Steve Mnuchin holds a press conference during the IMF/World Bank spring meeting in Washington, DC. File photo by Andrew Caballero-Reynolds/AFP

WASHINGTON, DC, USA – The United States on Friday, August 3, slapped sanctions on a Russian bank for helping North Korea evade UN Security Council measures designed to curb Pyongyang's nuclear weapons and ballistic missile programs.

The US Treasury Department's Office of Foreign Assets Control (OFAC) said it also targeted an individual and two entities for "facilitating North Korean illicit financial activity."

"The United States will continue to enforce UN and US sanctions and shut down illicit revenue streams to North Korea," Treasury Secretary Steven Mnuchin said in a statement.

"Our sanctions will remain in place until we have achieved the final, fully-verified denuclearization of North Korea."

The sanctions freeze any property or assets on US soil held by the designated entities, and bar US citizens from doing business with them.

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Welcome to Rappler, a social news network where stories inspire community engagement and digitally fuelled actions for social change. Rappler comes from the root words "rap" (to discuss) + "ripple" (to make waves).